1 STOP MORTGAGE BLOG!

Refinance Boom Brought on by Brexit !! If you have been slow in deciding when to get a lower interest rate, now is the time! The Brexit exit by the UK has toppled economic factors to bring us the lowest interest rates in years! Give us a call at 901-388-1588 and we'll give you a free analysis of just how much you can save! The team at 1 STOP Mortgage gets excited about saving you money! Jacob Passy reports today in Zillow that Refinance requests have skyrocketed due to falling mortgage rates after voters in the United Kingdom vote...

MARKETS
Rates continued to be stable in the past week, hovering near their lowest levels in almost three years. Freddie Mac announced that, for the week ending April 21, 30-year fixed rates rose one tick to 3.59% from 3.58% the week before.The average for 15-year loans was slightly lower at 2.85%. The average for five-year adjustables decreased to 2.81%. A year ago, 30-year fixed rates were at 3.65%, close to today's levels.Attributed to Sean Becketti, chief economist, Freddie Mac -- "Volatility in financial markets subsided over the past week, allowing Treasury ...

Although today is a Federal Holiday honoring U. S. Presidents, we wanted to give you some highlights and analysis from the market's Friday closing while we await tomorrow's new market data. Matthew Graham, the Chief Operating Officer, Mortgage News Daily said on Friday February 12 that"Days like today can't help but give the average market watcher a bit of a sinking feeling." An overview of his analysis follows:
Are Thursday's lowest yields in years were perhaps a sign of the final throes of market capitulation?
Did that wash out all the trades that...